Disliked{quote} I can see on your chart that the wicks from Renko bars are actually bigger than renko bar. Is it not a mistake ? Because from my understanding how it should works properly it should generate another renko bar. I have the same problem on my renko chart. I have renko bars 15 pips big. And sometimes the wicks are 20pips long and it happened on live chart. I am using Renko 3.2 does anybody knows where might be problem ?Ignored
Renko Trading For Gamers (RTFG)
I hope this graph I made helps you guys understand.
Thanks for your help, mate, now I see Renko chart in the right light. Now I get it: after green brick is printed for a red brick to occur it will require price movement of twice the size of the brick - that's why a wick can easily be larger than a size of a single brick. And that pose and intriguing dilemma - if we'd put a SL of 2xBrickSize it will create a pitiful R:R, but placing SL of OneBrickSize means it'll be "false" hit sometimes... To find an answer one would need to get a statistics for a wick>SingleBrickSize occurrences
Anyway, I really appreciate you explanation - I've been thinking about this for like 2 days now, that's how I find this thread lol